PlanningForRetirement

When it comes to managing financial matters, you can't go wrong by hoping for the best but planning for the worst. In other words, underpromise and overdeliver. What does that look like in real life? Read on for some figures and calculations that point the way towards prudent retirement planning.

Even if you've saved enough to live comfortably, the golden years don't buy you a reprieve from money worries. In fact, being retired can make you even more vulnerable to fiscal strife, if you're not prepared. Consider Tom Binns, who retired after a lifetime of savings, only to find that financial responsibilities didn't end with his 9-to-5.

With graduation season upon us, a new batch of parents are about to become empty nesters, and there are host of hidden costs can sneak up on them. So we've asked some personal financial advisers for their best advice on protecting your nest egg after the children are grown and gone.